Can someone loose all investment while investing on bitcoin?

in #bitcoin6 years ago


Yes it is very much possible. Crypto currencies in general are subject to hacking attempts alot and it can happen in a variety of different ways.

  1. Bitcoin blockchain can get hacked as a result of some code vulnerability. i know alot of people will oppose this but even its a very small chance, it still is a chance.

  2. The exchange you have your coins on can be hacked.

  3. Your computer can be hacked.

  4. You can lose access to your wallet / account

  5. Your hardware wallet can cause issues.

there are many other ways also, these are a few i could think of on the top of my head.

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@sarah249
Yes obviously, with wrong way of Trading, like I had.

yes trading can also result in big losses specially if you are doing margin trading you can lose all.

If u are long term trader you never be loss in bitcoin. But you have to secure your account properly